This fund is designed by Mercer Limited for investors planning to retire in 2016 and intending to enter drawdown and continue to invest their portfolio after retirement. It invests in one or more underlying funds to produce a portfolio with access to a range of asset classes. The emphasis of the fund gradually changes over its lifetime to ultimately invest around a quarter in money market securities and three quarters in a range of assets aiming to provide moderate long-term capital growth. It invests in one or more underlying funds to produce a portfolio with around a third invested in UK and overseas shares, a substantial holding in government and corporate bonds and the remainder spread across other asset types giving exposure to other asset classes such as commodities, property, infrastructure and money market instruments. At the end of 2016, investors in this fund will be automatically switched into the Zurich Mercer Drawdown Retirement Fund to maintain a similar asset split over time. Derivatives may be used for investment purposes as well as risk reduction.

?Alpha is a measure of a fund's over- or under-performance by comparison to its benchmark. If the Alpha is 5, the fund has outperformed its benchmark by 5%; so the greater the Alpha, the greater the outperformance.

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Beta

?Beta estimates a fund's volatility by comparison to that of its benchmark. A fund with a beta close to 1 means that the fund will move generally in line with the benchmark. Higher than 1 and the fund is more volatile than the benchmark and vice versa.

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Sharpe

?This commonly-used measure calculates the level of return over and above the return of a notional risk-free investment, such as cash. The difference in returns is then divided by the fund's volatility. The resulting ratio is an indication of the amount of excess return generated per unit of risk.

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Volatility

?Volatility (or standard deviation), when applied to an investment fund, expresses its risk. It shows how widely a range of returns varied from the fund's average return over a particular period. For example, if a fund had an average return of 5%, and its volatility was 15, this would mean that the range of its returns over the period had swung between +20% and -10%.

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Tracking error

?This measures the standard deviation of a fund's excess returns over the returns of an index or benchmark portfolio. As such, it can be an indication of 'riskiness' in the manager's investment style. A Tracking Error below 2 suggests a passive approach. At 3 and above the the manager will be deploying a more active investment style.

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Information ratio

?This is a useful risk-adjusted measure of actively managed fund performance. It is calculated by deducting the returns of the fund's benchmark from the fund's overall returns, then dividing the result by its tracking error. The higher the Information Ratio the better. It is generally considered that a figure of 0.5 reflects a good performance, 0.75 very good, and 1.00 outstanding.

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R-Squared

?An indication of how closely correlated a fund is to an index or a benchmark. Values for R-Squared range between 0 and 1, with 0 indicating no correlation at all and 1 showing a perfect match. Values upwards of 0.7 suggest that the fund's behaviour is increasingly linked to its benchmark.

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Price movement

52 week high580.8

52 week low495

Current bid price-

Current offer price-

Current mid price567.3

Region

No data available.

Industry sector

No data available.

Asset type

1

Money Market

32.5%

2

International Equities

18%

3

Global High Yield Fixed Interest

9.75%

4

UK Index-Linked

7.5%

5

Global Investment Grade Fixed Interest

6.75%

6

UK Fixed Interest

6.75%

7

Hedge

5.25%

8

UK Equities

4.5%

9

Property

3.75%

Individual holdings

1

MERCER DIVERSIFIED RETIREMENT FUND

75%

2

BLACKROCK INST STERLING LIQUIDITY FUND HERITAGE (DIS)

25%

Management

Fund manager group

Zurich

Fund manager company

Zurich Assurance Ltd

Fund type

Pension Fund

Fund objective

This fund is designed by Mercer Limited for investors planning to retire in 2016 and intending to enter drawdown and continue to invest their portfolio after retirement. It invests in one or more underlying funds to produce a portfolio with access to a range of asset classes. The emphasis of the fund gradually changes over its lifetime to ultimately invest around a quarter in money market securities and three quarters in a range of assets aiming to provide moderate long-term capital growth. It invests in one or more underlying funds to produce a portfolio with around a third invested in UK and overseas shares, a substantial holding in government and corporate bonds and the remainder spread across other asset types giving exposure to other asset classes such as commodities, property, infrastructure and money market instruments. At the end of 2016, investors in this fund will be automatically switched into the Zurich Mercer Drawdown Retirement Fund to maintain a similar asset split over time. Derivatives may be used for investment purposes as well as risk reduction.

Benchmark

No data available.

Investment style

Target Maturity,Growth

Investment method

Mixed

Fund manager

No data available.

Compliance

No data available.

Domicile

No data available.

Fund for sale in

United Kingdom

Zurich Target Drawdown 2016 Retirement Pn ZP13

Initial charge-

Annual charge-

Min single investment£0

Min regular saving£0

Available in ISANo

Ongoing charge (OCF)-

Total expense ratio (TER)-

Bid price-

Offer price-

Mid price567.3

CurrencyGBX

Price updated08/12/2016

TypeAccumulation

Institutional or retail classRetail

Domicile-

Citi codeMK2P

Data provided by

The Content is only for your general information and use and is not intended to address your particular requirements. The Content does not constitute any form of advice, recommendation or arrangement by Moneywise and is not intended to be relied upon by you in making (or refraining from making) any specific investment or other decisions. Appropriate independent advice should be obtained before making any such decision.

This information is sourced from our partner Financial Express. We believe the data to be correct however you should take care in using any information.

You should be aware that prices may fall as well as rise and that the income derived can go down as well as up. When buying or selling any investment that fluctuates in price or value you may get back less than you invested. Past performance is not necessarily a guide to future performance.

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